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Nearly Five-Acre Parcel Hits Market in Bel Air for $60 Million

The L.A. plot of land is zoned for a house that’s bigger than the White House

By Bill Cary

Originally published on October 11, 2017

One of the largest parcels of developable land in the ritzy Los Angeles enclave of Bel Air hit the market Tuesday for $60 million. Just imagine what the house might cost.

Known as Estate One in the super-exclusive 11-acre Park Bel Air subdivision, the sprawling 4.6-acre site offers incredible privacy and unsurpassed city, canyon and ocean views.

Bel Air is being known as one of the world’s most prestigeous neighborhoods.Matthew Momberger

“It’s pretty much one of the most exclusive lot opportunities in the country,” said Aaron Kirman of the John Aaroe Group, who has the listing with Drew Fenton of Hilton & Hyland. “It’s interesting because it’s so rare to get this kind of lot square footage and privacy in such a renowned location.”

Mr. Kirman hosted an open house for brokers Tuesday, and “we’re getting a lot of traffic on it already,” he said. “Three billionaires have reached out to me with calls.”